THE MENTAL HEALTH FUND INC DBA CATAWBA VALLEY HEALTHCARE

EIN: 562151678 501(c)(3) Mental Health

HICKORY, NC

Total Revenue
$9,545,427
Total Expenses
$10,091,491
Total Assets
$9,012,118
Net Assets
$7,634,353
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NC
Principal Officer
TIMOTHY LENTZ
Phone
8286955970
Tax Period
2024-07-01 to 2025-06-30

THE MENTAL HEALTH FUND INC DBA CATAWBA VALLEY HEALTHCARE, founded in 1999, is a community nonprofit in the Mental Health sector that reported $9.5M in total revenue in fiscal year 2024.

Mission

THE PRIMARY PURPOSE OF CATAWBA VALLEY HEALTHCARE IS TO BE A DIRECT SERVICE PROVIDER FOR DEVELOPMENTALLY DISABLED AND/OR MENTALLY ILL ADULTS. DIRECT CLIENT SERVICES INCLUDE RESIDENTIAL GROUP HOME CARE, PSYCHIATRIC, MEDICAL AND OTHER OUTPATIENT FUNCTIONS, AS WELL AS LIFE SKILLS, INDEPENDENT LIVING AND VOCATIONAL TRAINING OPPORTUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $986,161
Program Service Revenue $8,352,368
Investment Income $182,462
Other Revenue $24,436
TOTAL REVENUE $9,545,427

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,485,233
Fundraising Expenses $2,397
Program Expenses $6,810,497
Other Expenses $2,606,258
TOTAL EXPENSES $10,091,491

Year-over-Year Comparison

2024 2023 Change
Revenue $9,545,427 $9,695,916 0.0%
Expenses $10,091,491 $9,604,061 +0.1%
Net Income $-546,064 $91,855 -6.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
178
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$386,391
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN BRAKEMEYER DIRECTOR 0.00
Director
$0 $0 $0
BEN ROGERS VICE-CHAIR 0.00
Director
$0 $0 $0
REV ROBERT FORD DIRECTOR 0.00
Director
$0 $0 $0
SCOTT GARMAN DIRECTOR 0.00
Director
$0 $0 $0
JANET GREER DIRECTOR 0.00
Director
$0 $0 $0
HENRY S MORPHIS CHAIR 0.00
Director
$0 $0 $0
PEG WARTOWSKI TREASURER 0.00
Director
$0 $0 $0
ROBERT BANKS HINCEMAN DIRECTOR 0.00
Director
$0 $0 $0
TIMOTHY LENTZ CEO 40.00
Officer
$140,371 $0 $140,371
TIFFANY RANDAZZA CCO 40.00
Officer
$123,042 $0 $123,042
JENNIFER WILLIAMS COO 40.00
Officer
$122,978 $0 $122,978
FRANCIS PENLAND EMPLOYEE 40.00
Highest
$161,723 $0 $161,723
UMPAI TEDROW EMPLOYEE 40.00
Highest
$120,428 $0 $120,428
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $9,545,427 $10,091,491 $9,012,118 $-546,064
2024 $9,695,916 $9,604,061 $8,766,476 $91,855
2023 $9,257,444 $9,403,724 $8,553,385 $-146,280
2022 $9,285,181 $8,632,552 $8,635,144 $652,629
2021 $10,412,836 $7,885,580 $8,245,705 $2,527,256
2020 $7,241,804 $7,666,089 $6,937,142 $-424,285
2019 $8,781,264 $7,261,871 $6,248,411 $1,519,393
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